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Nov 19, 2012
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energy plays led the rally on ohio oil prices. elsewhere south korean shares snapped a between day losing streak helped by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex now trading louisa, back to you. >>> the spanish bad loans according to reuters, now at the 10.7% during the month of september versus 10.5% seen in august. so according to the bank of spain, we're seeing that figure just creeping up just by a tad. now, in the u.s., a slightly grimmer picture. major u.s. indices have fallen by 5% since the election day. this month already stacking up to be the worst november for the dow and the s&p 500, ninth worst november since 1973. so it's been pretty dismal trade if you're an equity holder. hi, charles. we talk about this and we're looking at a bounce in europe this morning. do we think the grimness will continue? >> i think the equity markets, they couldn't really believe bond the election until it was out of the way. you ha
energy plays led the rally on ohio oil prices. elsewhere south korean shares snapped a between day losing streak helped by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex now trading louisa, back to you. >>> the spanish bad loans according to reuters, now at the 10.7% during the month of september versus 10.5% seen in august. so according to the bank of spain, we're seeing that figure...
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Nov 13, 2012
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to the energy group, he represents support of alternative energy, which in turn is bad for the oil and gas companies. with regard to technology, more regular arelation and financials could mean that private equity and venture capital firms suffer a bit. thus, tech would too. the groups that lost the least, consumer tapes, health care, and telecom, health care stocks include the hospitals. those could see a bit of a benefit when obamacare comes into play. some investors hoping that with the election behind us, we're going to see some green. with the threat of the fiscal cliff, many are expecting red as we approach the end of the year. back over to you. >> all right, jack. thanks very much. don't go anywhere. a trio of exclusive interviews kicking off the next hour of the "closing bell." >>> coming up, maria means business. cisco ceo john chambers talks exclusively about earnings and how the looming fiscal cliff is affecting his company's bottom line. >>> then, in another exclusive, nyse chief duncan niederauer talks to maria about how he's addressing another trading glitch that affected
to the energy group, he represents support of alternative energy, which in turn is bad for the oil and gas companies. with regard to technology, more regular arelation and financials could mean that private equity and venture capital firms suffer a bit. thus, tech would too. the groups that lost the least, consumer tapes, health care, and telecom, health care stocks include the hospitals. those could see a bit of a benefit when obamacare comes into play. some investors hoping that with the...
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Nov 15, 2012
11/12
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strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there may be some distortions, it walloped up to 439,000 from 361,000, so i am sure there's a story behind that, and continuing claims not to be outdone, had a market jumped, originally released and revised up to 3.16 and now they stand at 3.334 million. so these numbers obviously affected by something whether it's storms or whether it's other issues, we'll of course look towards some of the guidance that we get. if we look towards the market the guidance is the equities look like they'll come in lower for another day. we see interest rates, well, they're a smidge higher than the sub 60 level from yesterday and maybe the biggest story of the day today is recession in europe again? i don't know why that's a big story. the bigger story would be if there wasn't one. >> that is a great oint. we haven't talked a
strip out food and energy up 0.2. empire manufacturing down 5.22, that comes after an unrevised minus 6.16, but not as bad as minus 8 to 9 that we were looking for. jobless claims, oh my goodness can this be right? there may be some distortions, it walloped up to 439,000 from 361,000, so i am sure there's a story behind that, and continuing claims not to be outdone, had a market jumped, originally released and revised up to 3.16 and now they stand at 3.334 million. so these numbers obviously...
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Nov 12, 2012
11/12
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this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy efficiency, basically cut it reliance on on oil imported from outside from immediate neighbors mexico and canada almost to nothing. and if america is not emporting as much oil as it does currently, perhaps for energy to be such a focal point of its foreign policy won't be so large. and already you have exactly within the oil and gas industry pushing the case for shale on the basis that it would save the country a lot of money on overseas military expenditure. >> if you take in that oil, shale gas together, how much is that revolutionizing the american economy and also th
this is the international energy agency. so becoming a net exporter. joining us is tom bergen at reuters. if that forecast is right, how does that change the politics of oil? >> good morning, ross. yes, that's a prediction now that a lot of analysts have been making over recent months. so it's a pretty broad view that the u.s. will by the end of the decade potentially become the biggest oil producer in the world. there are also predictions that just factory and other things like energy...
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Nov 19, 2012
11/12
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shares of one energy company hitting a new high. let's send it over to kayla tausche at hq with a quick market flash for us. >> that name is cabin oil and gas. cog. it was up 3.5%. now up by 82 cents. and pretty good trade for the day. look at it this year. it tracked natural gas closely and has exposure to natural gas and recent rally is a reason why we see it up today. back to you guys. >> thank you so much. when we come back, what can brown do for your holiday shopping? last year u.p.s. delivers 480 million packages between thanksgiving and christmas. will they beat that number this year? we'll find out with the president of their u.s. ops joins us next. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what hap
shares of one energy company hitting a new high. let's send it over to kayla tausche at hq with a quick market flash for us. >> that name is cabin oil and gas. cog. it was up 3.5%. now up by 82 cents. and pretty good trade for the day. look at it this year. it tracked natural gas closely and has exposure to natural gas and recent rally is a reason why we see it up today. back to you guys. >> thank you so much. when we come back, what can brown do for your holiday shopping? last year...
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Nov 15, 2012
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energy leading the way. utilities and telecom is performing the worst. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. they optimized our data center and got us on the cloud. they even sent tour champion, paula creamer, to help with charles' swing. maybe don't do that. that's not good. no! his job isn't to look good. it's to make the clients look good. oh my goodness! i can't help you. that's what i thought. >>> welcome back to third hour of "squawk on the street." always one of my favorites. i have a favorite guest. james coutoules. he's been active trying to get all the money back for m.f. investors. today the subcommittee's report on m.f. was completed. james, i read at least the early parts of the report that were out yesterday and it certainly does seem as though they're not very kind to how john corzine led this firm down the road to destruction. your thoughts? >> i agree completely, rick. th
energy leading the way. utilities and telecom is performing the worst. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. they optimized our data center and got us on the cloud. they even sent tour champion, paula creamer, to help with charles' swing. maybe don't do that. that's not good. no! his job isn't to look good. it's to make the clients look good. oh my goodness! i can't help...
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Nov 12, 2012
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energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s. continues to produce more oil and as we continue to consume less oil in our transportation sector with the fuel efficiency standards set in place, it's likely the u.s. will become self-sufficient for oil needs by 2035. that's another prediction by the international energy agency. this is a huge prediction on their part. they haven't made a prediction like this in the past. it has a lot to do with self-sufficiency in the u.s. story coming from environment moves that have been made perhaps under the obama administration as the chief economist pointed out in a press confer
energy landscape. the international energy agency is saying that the u.s. will become the top oil producer in the world by 2020. surpassing saudi arabia, surpassing russia and it's going to do this with the focus that we've had and the growing support of the north american fracking industry. that's really going to help to bring us to that nearly 10 million barrels per day which is what saudi arabia is producing right now. we are looking at these numbers also as an indication that as the u.s....
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Nov 15, 2012
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. >>> the energy markets on high alert on a major escalation in tensions between israeli and syrian forces. a possible ground offensive. the region is a global flash point that's seen revolution and civil war over the past couple of years. for more on this story, let's bring in george friedman. thanks so much for coming by. we appreciate it. >> pleasure. >> it does seem to be a lot of sabre rattling there between the ground forces moving closer to the border and the israeli defense minister saying that palestinian militants will, in fact, pay for the blood that was shed in israel. is this sabre rattling? because the interest of israel is not to get into a real skirmish with gaza. >> the problem is that hamas now has a missile to reach tel aviv and that's unacceptable. that's a red line for israel. the israelis probably don't know how many they have. they don't know where they're located. therefore the attack is very complicated. you can't do frit the air. you'll have to go in on the ground. it's going to be bloody and miserable. the israelis would rather not do that. the palestinians want
. >>> the energy markets on high alert on a major escalation in tensions between israeli and syrian forces. a possible ground offensive. the region is a global flash point that's seen revolution and civil war over the past couple of years. for more on this story, let's bring in george friedman. thanks so much for coming by. we appreciate it. >> pleasure. >> it does seem to be a lot of sabre rattling there between the ground forces moving closer to the border and the israeli...
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Nov 13, 2012
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clean energy fuels after its big announcement today. and honeywell ceo dave cote on his role to fix the debt in the fix the debt campaign. can the u.s. takes the steps to avoid the fiscal cliff? stay tuned. >>> sick of paying up at the pump? i have a guy with a solution. plus it's not just the stock market, tax increases and the budget cuts of the fiscal cliff that could hit your wallet in a big way. tonight i'm helping you understand what's at stake. "mad money" is coming up next. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinu
clean energy fuels after its big announcement today. and honeywell ceo dave cote on his role to fix the debt in the fix the debt campaign. can the u.s. takes the steps to avoid the fiscal cliff? stay tuned. >>> sick of paying up at the pump? i have a guy with a solution. plus it's not just the stock market, tax increases and the budget cuts of the fiscal cliff that could hit your wallet in a big way. tonight i'm helping you understand what's at stake. "mad money" is coming up...
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Nov 13, 2012
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periods is signs of global demand growth and we're seeing that very visibly from petrol price and other energy price increases. but to a certain extent as well, the food price increases which we're beginning to see, and likely to see more of reflect changinged food presences, increasing prices for wheat even though spikes in corn and wheat prices that we've seen have been largely due to weather factors. but demands are the pressure, as well. >> for anyone trying to figure out what's going organization how sustainable are the inflation rates and are they not going to fall precipitously as the fee hikes come out. >> there will be, but if you look at the university tuition fees, that will be there for three years. it's not just something that will disappear in 12 months time. and that's an important point because when the bank of england presents it inflation forecast tomorrow, it will have to count those increases in fee as a medium term inflation pressure. they'll be there throughout the entirety of hair projections this time around. and then that has some effect on the policy making decisions.
periods is signs of global demand growth and we're seeing that very visibly from petrol price and other energy price increases. but to a certain extent as well, the food price increases which we're beginning to see, and likely to see more of reflect changinged food presences, increasing prices for wheat even though spikes in corn and wheat prices that we've seen have been largely due to weather factors. but demands are the pressure, as well. >> for anyone trying to figure out what's going...
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Nov 13, 2012
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> for two days the new york stock exchange was dark after the wrath of superstorm sandy. our next guest is speaking out on ways he thinks the markets can be better prepared for the next crisis. cftc commissioner bart chilton joins us with his proposals. what do you think happened here? >> quickly, this isn't life or property with sandy so everybody feels for that, but i think what happened is the systems weren't tested appropriately becky and when something happens in the equities market it affects the financial futures also and these are global interconnected markets, so they had a system, a backup system. >> the electronics syst
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> for two days the new york stock exchange was dark after...
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Nov 16, 2012
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FOXNEWSW
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pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. megyn: back now to breaking news from israel. reports that thousands of troops may be getting ready for a ground invasion of gaza. after three days of unrelenting rocket attacks from hamas. about a half-hour ago, a general called on hamas and israel to stop this dangerous exploration to avoid further bloodshed. as the air raid sirens sound in tel aviv and more than two decades. our own trace gallagher went to the israeli border back in 2006 during the fight with hezbollah. he has been watching all of this from our breaking news desk. we want to get to him before the ambassador joins us. >> is very important. we are getting word that the israelis are shutting down all of the roads that go towards gaza. it is a very bad sign. that is exactly what happened b
pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for women breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. megyn: back now to breaking news from israel. reports that thousands of troops may be getting ready for a ground invasion of gaza. after three days of unrelenting rocket attacks from hamas. about a half-hour ago, a general called on...
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Nov 16, 2012
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., including something like a carbon tax for example which would achieve some of his energy goal simply not possible. you can't do it in a short time frame. so i think there are practical questions to that. but i don't think there's a principal objection to it if you somehow combined it with the existing system that in a way that reserved the distribution of the tax burden. he doesn't want to go backward on progressivity. and i think if you can meet those tests, that's part of help saying he's open to it. they've always been skeptical that you can did all these things. spi entitlement reform, deficit reduction and tax reform in anything close to the same time frame. >> all right, john, thank you. one more thing -- becky, i'm afraid to tell you this. fi phil lebeau, he knows everything about -- the last major -- >> i saw that. >> last major airline crash in the u.s. with fatalities was the one which was right after 9/11. >> horrific. >> in new york and right after 9/11. november of 2001. >> there was a 60 minutes piece on that neighborhood because that neighborhood just got swamped again
., including something like a carbon tax for example which would achieve some of his energy goal simply not possible. you can't do it in a short time frame. so i think there are practical questions to that. but i don't think there's a principal objection to it if you somehow combined it with the existing system that in a way that reserved the distribution of the tax burden. he doesn't want to go backward on progressivity. and i think if you can meet those tests, that's part of help saying he's...
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Nov 17, 2012
11/12
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namely the energy from renewable sources, energy efficiency, energy pollution reduction and removal, natural resource conservation and environmental compliance education and training and public awareness. when i was testifying before the house energy and commerce committee they had a cut in front of me, often a glass of water but this time a glass of water and paper cup and the paper cup said architect of the capital on one side and power to save energy on the other side so since this cup fit the definition of education, training and public awareness the workers who made it had green jobs. if the cup had just said architect of the capital or had it just been a plain white cup, then the people who made it would not have had green jobs. when i wrote this book, "regulating to disaster" about environmental issues, while i was doing and i had a green jobs and perhaps i still do right now because i am talking about it. if i had been riding as i have been writing about social security and at the same time i was writing my book women's figures, and illustrated guide to the economic programs
namely the energy from renewable sources, energy efficiency, energy pollution reduction and removal, natural resource conservation and environmental compliance education and training and public awareness. when i was testifying before the house energy and commerce committee they had a cut in front of me, often a glass of water but this time a glass of water and paper cup and the paper cup said architect of the capital on one side and power to save energy on the other side so since this cup fit...
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Nov 13, 2012
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you also talk about alternative energy companies could suffer. and defense contractors, you can give us a quick answer on that? >> well, it's difficult. when oil prices go up it's good for nuclear and solar and clean energy players. but when they go down which would happen if you get a lot more production in the u.s. it's bad for those players because people tend to go back to oil and using oil. as for the defense contractors, we're to the going to have to spend some of defending the middle east because we will not need those resources so much because we have it at home. >> you gave use lot of interesting analysis on this. thanks a lot, gregg. and we've been speaking with gregg of the street.come. you can find gregg's companion article on our web site nbr.com. >> susie: a server glitch here at the big board today, impacting trades in over 200 stocks. shortly after trading got underway this morning, the n.y.s.e. said it detected a problem with its new matching engine, that made it difficult to match buy and sell orders or publish prices on 216 dif
you also talk about alternative energy companies could suffer. and defense contractors, you can give us a quick answer on that? >> well, it's difficult. when oil prices go up it's good for nuclear and solar and clean energy players. but when they go down which would happen if you get a lot more production in the u.s. it's bad for those players because people tend to go back to oil and using oil. as for the defense contractors, we're to the going to have to spend some of defending the...
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Nov 13, 2012
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cheryl: shares of clean energy are making a jump in today's session. the company announced a collaboration with ge to expand infrastructure in the united states. the partnership will use ge's liquid natural gas technology adds two new plants and expecting to complete all this by the end of 2013. shares of clean energy down more than 5% for the year but as you can see today the stock is up more than 10%. now to david asman. the market opened lower, went higher, now we'r we are down lor again. david: they're settling into the end of the day. we will be following that very closely. what is it they want to do as you can see the market is trading significantly lower than it has been for most of the day trading down into the close. nicole petallides at the new york stock exchange. little early to talk about amd, but they have contacted jpmorgan chase to check out their options. a lot of people take a look at intel. nicole: the stock was on the move trading as high as 235. down nearly 65% this year, so the fact they are out exploring options gives it an immed
cheryl: shares of clean energy are making a jump in today's session. the company announced a collaboration with ge to expand infrastructure in the united states. the partnership will use ge's liquid natural gas technology adds two new plants and expecting to complete all this by the end of 2013. shares of clean energy down more than 5% for the year but as you can see today the stock is up more than 10%. now to david asman. the market opened lower, went higher, now we'r we are down lor again....
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Nov 13, 2012
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after all these years being energy independent. what were they telling new what did you hear look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do believe it's going to happen you have actually identified some companies and industry sectors that will be winners and losers if there is certainly does happen. let's look at the list. go down your list, you start out saying that the oil majors will be winners here. so i guess are you talking about companies like exxon mobile, right? >> well, it's great for the oil majors like exxon mobile, chevron, conoco philips because they can find oil at home as opposed to going to dangerous pl
after all these years being energy independent. what were they telling new what did you hear look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have...
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Nov 16, 2012
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the problem is in the energy sector and without the carbon tax you are not directly getting at that. >> so, i think for the reasons that have been described the carbon tax makes enormous sense to deal with the environmental impact of energy use to like and you can design one in such a way that doesn't cause much harm for the american industries that compete with folks abroad that are including the industry. consumption tax is a heavy lift if you try to do the value added tax directly. there are things you can do to treat the income tax to make it look more like a consumption tax that ought to be part of the discussion. >> let me wrap up quickly. i want you to give your fault at the end of the day what do you think the tax code is going to look like on the conversations between the president and the speaker or don? is it going to be that quick snapshot what is it going to look like when they are done? >> i think we will have slightly higher marginal tax rates on some high income taxes at least
the problem is in the energy sector and without the carbon tax you are not directly getting at that. >> so, i think for the reasons that have been described the carbon tax makes enormous sense to deal with the environmental impact of energy use to like and you can design one in such a way that doesn't cause much harm for the american industries that compete with folks abroad that are including the industry. consumption tax is a heavy lift if you try to do the value added tax directly....
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Nov 14, 2012
11/12
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. >>> bipartisan group of 28 governors want congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires a t end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already hasthe entire banking industry shaking in its boots. one of her biggest supporters couldn't be haier. i codn't disagree more. he is here to debate it out with me. >>> plus, iran fles its military muscle as sanctions tighten their grip around the regime. e the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ . melissa: so newly-elected senator and former head of the consumer financial protection bureau, she was running fothat, not sure she was head of that,ut public enemy number one on wall street. according to rumors she could end up with a pretty posh assignment on the senate banking committee. do we really want someone so outspoken against the banking industry making rules for them? depend iyou want a mortgag
. >>> bipartisan group of 28 governors want congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires a t end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already hasthe entire banking industry shaking in its boots. one of her biggest supporters couldn't be haier. i codn't disagree more. he is here to debate it out...
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Nov 12, 2012
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. >> translator: i believe the power of sports will bring energy to japan. i hope you will join our efforts to win a bid to host the 2020 olympics. >> the tokyo bidding committee is concerned about the low level of public support for the capital's bid. the international olympic committee plans to choose the winner in september next year. >>> thousands of people turned out in taipei, taiwan on sunday to show their enthusiasm for yoga exercises. a company that offers yoga courses in taiwan and hong kong organized the event. it attracted about 7,400 participants. they unfurled their mats in front of taiwan's presidential office. >> translator: i find yoga really relaxing. it helps to keep my flexible. >> it's a sure sign that yoga is gaining popularity among taiw taiwanese people. >> time to check the weather conditions around the world. she'll tell us about people in northern japan dealing with wet weather today. >> right, strong gusts, hail and some thunderstorms are in store in northern japan. we have a couple of systems that are going to be impacting the re
. >> translator: i believe the power of sports will bring energy to japan. i hope you will join our efforts to win a bid to host the 2020 olympics. >> the tokyo bidding committee is concerned about the low level of public support for the capital's bid. the international olympic committee plans to choose the winner in september next year. >>> thousands of people turned out in taipei, taiwan on sunday to show their enthusiasm for yoga exercises. a company that offers yoga...
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Nov 13, 2012
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. >>> bipartisan group of 28 governors wants congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires at the end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already has the entire banking industry shaking in its boots. one of her biggest supporters couldn't be happier. i couldn't disagree more. he is here to debate it out with me. >>> plus, iran flexes its military muscle as sanctions tighten their grip around the regime. are the massive war games a signal it may be ready to lash out? more "money" coming up. ♪ ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at th special time of year, they shine even brighter. come to the winter event and get the merdes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. well, having a ton of locations doesn
. >>> bipartisan group of 28 governors wants congress to renew a wind energy tax credit. governors say letting tax break expire will cost 37,000 jobs and drive away $10 billion of private investment. it expires at the end of this year. >>> next on money, elizabeth warren hasn't even been sworn into the u.s. senate but she already has the entire banking industry shaking in its boots. one of her biggest supporters couldn't be happier. i couldn't disagree more. he is here to...
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Nov 14, 2012
11/12
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. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on may 4. >> translator: lawmakers don't really care, but the people, the prime minister changes like a resolving door. it's better to give the younger generation a chance another leadership. >> prompted the prime minister to act? making te i . >> there's a big disparity in -- he had fwho executions left. but it took some time >> the lead-up to the decision played out in the diet. abe pointed out the prime minister promised in august to call a general election soon if the diet passed bills related to social security and tax reform. abe said the ldp kept its part of the deal and helped the bill
. >> translator: the economy and energy will be part of the focus of the election. our party will make a manifesto and convey our position to voters. i will explain it to the people after i dissolve the lower house on friday. >> the leadup to the decision played out on wednesday. the prime minister said he was ready to dissolve the lower house if the ldp committed to reducing the number of seats in the house by 234ex year. officials campaigning for the general elections starts on...
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Nov 15, 2012
11/12
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CNN
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it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. the wheels of progress. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. >>> a lot of news this morning, including breaking news in the northeast. soledad o'brien joins us with a look ahead. >> president obama takes on congress. he's defending his u.n. ambassador against those republican attacks, says he's willing to compromise on tax rates. big ques
it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ we've got to think long term. we've got to think long term. the wheels of progress. seems they haven't been moving much lately. but...
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Nov 16, 2012
11/12
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CNNW
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rock star energy, monster energy, and 5-hour energy shots. the records include 13 previously unreleased reports about monster energy including five reports of death and 90 filings about 5-hour energy including reports involving 13 deaths. that's pretty serious. >>> a florida restaurant owner who operates dozens of denny's franchises says he intends to add a 5% surcharge to every customer's check starting in january of 2014. he says the money will be used to offset the cost of obama care when it's fully implemented. he receives about 1200 employees and most of them will have their schedule reduced to less than 30 hours to avoid obama care fees. >> he's not the only one doing that. >> retailers are saying that they're going to add lots of part-time workers instead of full-time workers because they don't want to deal with the cost of health care. >> one week after resigning the former cia director david petraeus is about to begin testifying before house intelligence committee. that hearing is expected to get under way any moment. former general
rock star energy, monster energy, and 5-hour energy shots. the records include 13 previously unreleased reports about monster energy including five reports of death and 90 filings about 5-hour energy including reports involving 13 deaths. that's pretty serious. >>> a florida restaurant owner who operates dozens of denny's franchises says he intends to add a 5% surcharge to every customer's check starting in january of 2014. he says the money will be used to offset the cost of obama...
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i'm calling because of the report that the united states is going to be energy independent. within the next few years and i'm wondering if it's just a corporate propaganda to. the. obama administration. or push towards renewables. for the call appreciate it no it's not just propaganda the best of my knowledge it was an actual scientific study we are awash in natural gas right now because of fracking if fracking doesn't stop we will continue to have very very high levels of natural gas and what they're finding is that they can use very similar techniques to fracking or or identical techniques to fracking to bust up and pull out or oil as well it's a heavier oils like the oil that is going to be coming down that pipeline shale oil coming down the pipeline from canada if that's the case but the problem is making us energy independent doesn't mean that it's making its carbon independent these are all carbon fossil fuels fossil based carbon based fossil fuels bad for global warming bad for the environment we have to we have to move to a renewable form of energy james in philly ja
i'm calling because of the report that the united states is going to be energy independent. within the next few years and i'm wondering if it's just a corporate propaganda to. the. obama administration. or push towards renewables. for the call appreciate it no it's not just propaganda the best of my knowledge it was an actual scientific study we are awash in natural gas right now because of fracking if fracking doesn't stop we will continue to have very very high levels of natural gas and what...
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claims the do to in obama's second term his country must go into survival mode it is company murray energy wasn't in trouble just weeks before the election when robert murray shelled out one hundred thousand dollars in campaign contributions to karl rove's super pac or when he spent another three million dollars on lobbying and other political contributions just over the past year after all those failed tries to buy seats for republican politicians robert murray claims his company just can't afford to keep workers on the payroll any more but what if he had all this political contributions back he could easily keep those people and there's applebee's franchisees st angle who gave thousands to republican politicians this election cycle and is now promising to lay off workers because he doesn't want to comply with the obamacare mandate of providing health insurance to his employees. this election alone with the wall of the tillman act and rubble outside groups financed mostly by corporate money spent over a billion dollars trying to defeat president obama and progressives on top of that the u
claims the do to in obama's second term his country must go into survival mode it is company murray energy wasn't in trouble just weeks before the election when robert murray shelled out one hundred thousand dollars in campaign contributions to karl rove's super pac or when he spent another three million dollars on lobbying and other political contributions just over the past year after all those failed tries to buy seats for republican politicians robert murray claims his company just can't...
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Nov 12, 2012
11/12
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FBC
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the energy sector in texas has been really, really booming. my son's bret and zachary, the fourth generation are not coming into the business. and looking towards next year with the tax situation and the medical taxes on top of the capital games and ordinary income and then, with obama medical care coming down the road and the increase in regulation, it was just time for me to sell my business. david: tell us how burdensome the increase in regulations has been for you. >> well, i mean, this is just my opinion but i feel like since, the last four years, that there has been such a increase of government workers, i think there is also been an increase of government employees in the regulation area, and, they seem to come more often and stay longer. and, i felt like the last few years that i could have been in any business because all i do is work on compliance and regulations and safety and fill out, work with my safety people and you're juggling a lot of balls to satisfy a lot of regulators and i felt like, i feel like i'm doing more of that tha
the energy sector in texas has been really, really booming. my son's bret and zachary, the fourth generation are not coming into the business. and looking towards next year with the tax situation and the medical taxes on top of the capital games and ordinary income and then, with obama medical care coming down the road and the increase in regulation, it was just time for me to sell my business. david: tell us how burdensome the increase in regulations has been for you. >> well, i mean,...
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Nov 15, 2012
11/12
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FBC
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the very small and midsize businesses that create jobs same people that get hit with obamacare, the energy increases, and a labor cost increases. lou: what if i told you that it makes some sense. give him at the margin what he wants on taxes. whether that's on investment tax , camping deductions. basically what mitt romney was proposing. get that done. then say what you going to do? you going to still be left if you roll all of that up. you will still be left with a huge deficit. it's going to have to mean cutting the federal budget. >> even if we increase the tax rates, the top 1 percent in this country makes seven timbers of the income. 37 percent of the taxes. so a fair share argument really is it -- lou: you're getting a again start out here. your last shot. >> mr. president, please, please work with the business community. we want you to succeed, but you're putting impediments in our way and make impossible. we want you to succeed and we want to succeed. please work with us. lou: thank you for being with us. up next former cia director patraeus agreeing to testify. can we believe anyt
the very small and midsize businesses that create jobs same people that get hit with obamacare, the energy increases, and a labor cost increases. lou: what if i told you that it makes some sense. give him at the margin what he wants on taxes. whether that's on investment tax , camping deductions. basically what mitt romney was proposing. get that done. then say what you going to do? you going to still be left if you roll all of that up. you will still be left with a huge deficit. it's going to...
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Nov 13, 2012
11/12
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FBC
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pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for wom breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. liz: welcome back to naples, florida. the cme global leadership conference. the power of wikipedia. admit it, you have been on it 10 times today. extending to the twist of the general petraeus scandal. was it altered anonymously to reveal clues and what does it sathatsay about the power and relevance of wikipedia. we're joined by one of the keynote speakers, jimmy wales. cofounder of wikipedia in a fox business exclusive. does it surprise you that wikipedia is being talked of as part of the general petraeus scandal? >> not really. anytime big news breaks a lot of the community track all the news stories coming out and adding information and things like this. i remember a few years back when a famous pro wrestler died, someone put into his entry that he had
pink lemonade 5-hour energy? yeah and a portion of every sale goes to the avon foundation for wom breast cancer crusade. i'm sold. new pink lemonade 5-hour energy. get the alert, energized feeling you need and support breast cancer research and access to care. liz: welcome back to naples, florida. the cme global leadership conference. the power of wikipedia. admit it, you have been on it 10 times today. extending to the twist of the general petraeus scandal. was it altered anonymously to reveal...
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Nov 15, 2012
11/12
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FBC
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financials and energy were today's top performance. rates on the 30-year fixed-rate mortgage fall to a new all-time low this week. according to freddie mac, the rate decline to just over 3 percent compared to 4% 1 year ago. the 15 year fixed rate declined at over two and a half. unbelievable. superstar sandy sending weekly jobless fans to their highest level in 18 months. weekly applications jumping 78,000. this works out to 4,309,000 with several states in the mid-atlantic and northeast regions reporting large increases do specifically to the storm. liz: earnings per share year-over-year jumping. let's get right to add of shapiro and the stock moving steadily higher on news. >> reporter: on our earnings per share they came right in line with wall street expectations. on revenue, this street was expecting almost 4 billion. i want to read you very quickly, total net sales increased 23%. 500 million in the quarter compared with four under and 14 million last year. net sales outside the united states and canada which includes gap think an
financials and energy were today's top performance. rates on the 30-year fixed-rate mortgage fall to a new all-time low this week. according to freddie mac, the rate decline to just over 3 percent compared to 4% 1 year ago. the 15 year fixed rate declined at over two and a half. unbelievable. superstar sandy sending weekly jobless fans to their highest level in 18 months. weekly applications jumping 78,000. this works out to 4,309,000 with several states in the mid-atlantic and northeast...
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Nov 20, 2012
11/12
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CSPAN
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>> in iowa and colorado, wind energy tax credit. there was an issue that was important in both of those states. obviously models, jobs, the president jobs plan. and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i think there are it a lot of voters who cared deeply about this. i think a lot of the youth of voters have said repeatedly this is an issue they want addressed moving forward. it needs to be addressed and, from an economic standpoint and for the future of the country. >> you think the president will do something dramatic? >> he has a plan to move forward. >> is the new democratic movement dead or no longer relevant? >> i think that our party has always been the big party and we have different views and that is healthy. that is exactly why i believe i am a democrat
>> in iowa and colorado, wind energy tax credit. there was an issue that was important in both of those states. obviously models, jobs, the president jobs plan. and i think taxes. we had a fight where you had the president advocating to increase taxes on people who made more than $250,000 a year. >> looking ahead at the agenda, how big is climate energy? >> if you look at what to this country needs to do to create jobs, having a sound energy policy makes incredible sense. i...
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Nov 19, 2012
11/12
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FBC
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the maker of the five hour energy saying it has recently discovered counterfeit five hour energy products circling in the economy. i think we are showing you the real five hour energy. we do not want to be wrong here. we are talking about reports of alleged fake ones. luckily, no serious adverse events have been reported. federal authorities are researching this. just be careful. melissa: anyway. lori: grilling the obama administration of its promise on transparency. lou dobbs joins us ahead. melissa: the s&p having the best to date gains in months. we are heading back to the new york stock exchange. look at treasuries as we head out to break. we will be right back. ♪ sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your nex
the maker of the five hour energy saying it has recently discovered counterfeit five hour energy products circling in the economy. i think we are showing you the real five hour energy. we do not want to be wrong here. we are talking about reports of alleged fake ones. luckily, no serious adverse events have been reported. federal authorities are researching this. just be careful. melissa: anyway. lori: grilling the obama administration of its promise on transparency. lou dobbs joins us ahead....
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Nov 18, 2012
11/12
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CSPAN
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energy. that will change manufacturing costs during how long before that begins to pass through into the national budget as a revenue producer in a variety of different ways? >> if you permit me to go beyond that -- it is incredibly exciting. it is helped dramatically reduce our dependence on foreign oil. we have gone about 60% dependents down to 42%. in a report out yesterday said by 2013, the united states will be energy independent. that is a huge deal overtime -- a report said that by 2030, the united states will be energy independent. that is a huge deal over time. that will strengthen the economy. at changes our circumstance. we will keep money at home. that will help create more jobs. that will improve our competitive position. that is going to have a budget in fact the most budgets are looking at a five-year window. very rare that we go beyond five years three the vast majority of time, it is a five- year window pretty do not get that much help in the first five. it has enormous impli
energy. that will change manufacturing costs during how long before that begins to pass through into the national budget as a revenue producer in a variety of different ways? >> if you permit me to go beyond that -- it is incredibly exciting. it is helped dramatically reduce our dependence on foreign oil. we have gone about 60% dependents down to 42%. in a report out yesterday said by 2013, the united states will be energy independent. that is a huge deal overtime -- a report said that by...
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Nov 15, 2012
11/12
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CSPAN2
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>> so we'll put that in with energy crisis. >> other, huh? >> no, no, i think that belongs in number four. while our executives are giving their answers, i want to ask each of you what, what's the risk that the men and women in this room, that should be keeping them up at night right now? >> look, i think there are many ironies surrounding the fiscal cliff. the fiscal cliff, i think, in the short run is the most pressing thing. the biggest, most threatening is the euro crisis. i'm of the view ultimately either the germans will have to subsidize permanently to hold it together, or else the eurozone is probably doomed to break apart. but on the fiscal cliff, let's just get our heads around the correct numbers which is if we sign a long-term grant bargain budget deal, we're going to be doing the fiscal cliff every year for the next ten years, okay? so the thing that's happening with the fiscal cliff is made worse by the fact that it's going to happen without a lot of preparation, and it's not fully thought through if the sequester just kicks in.
>> so we'll put that in with energy crisis. >> other, huh? >> no, no, i think that belongs in number four. while our executives are giving their answers, i want to ask each of you what, what's the risk that the men and women in this room, that should be keeping them up at night right now? >> look, i think there are many ironies surrounding the fiscal cliff. the fiscal cliff, i think, in the short run is the most pressing thing. the biggest, most threatening is the euro...
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Nov 13, 2012
11/12
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CSPAN2
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eye 112
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energy was in. the clash like a public service announcement with guitars. and they gave u12 2u2 that social act vifm could make as a musical rite. i like to point out that none of your professor, not a single one has ever drawn or likely to draw the connection between the arab spring and the clash. [laughter] [applause] just a little intermission. and okay. sharpen your pencils. i don't need to lecture you about change, change the air you breathe, you are it. i think change is your expectations but what might it mean for you when the pyramid and the whole lot else gets turned up on the head. what a huge opportunity that affords you if you're willing to see because there's not just one big lever of power anymore. there's millions of levers. you have a lot of them in your hands. when we press them together at the same time, that's when things really start happening. and but first, let me hit the brakes before some of you do. let's acknowledge that it's brutal out there. it's brutal out there. by there, i mean, here. and right near america. economy still on th
energy was in. the clash like a public service announcement with guitars. and they gave u12 2u2 that social act vifm could make as a musical rite. i like to point out that none of your professor, not a single one has ever drawn or likely to draw the connection between the arab spring and the clash. [laughter] [applause] just a little intermission. and okay. sharpen your pencils. i don't need to lecture you about change, change the air you breathe, you are it. i think change is your expectations...
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Nov 15, 2012
11/12
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CURRENT
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the natural energy of peanuts and delicious, soft caramel. to fill you up and keep you moving, whatever your moves. payday. fill up and go! (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. (vo) she's joy behar. >>current will let me say anything. [ ♪ music ♪ ] [ ♪ music ♪ ] >> announcer: stephanie miller. >> stephanie: it is "the stephanie miller show," welcome to it. 51 minutes after the hour. 1-800-steph-12 the phone number toll-free from anywhere. joe from arizona. >> caller: good morning. i enjoy your show. you guys are awesome. >> stephanie: thank you. >> caller: you know these republicans pledge their allegiance to norquist instead of the united states and the job they took. i think they he should pick up their paycheck instead of us taxpayer as soon as that is the best analysis we have heard since the election. romney lost because he was called a poopy head. >> that worked so well in the nixon at the baits. mr. nixon is a poopy head.
the natural energy of peanuts and delicious, soft caramel. to fill you up and keep you moving, whatever your moves. payday. fill up and go! (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. (vo) she's joy behar. >>current will let me say anything. [ ♪ music ♪ ] [ ♪ music ♪ ] >> announcer: stephanie miller. >> stephanie: it is "the stephanie miller show,"...
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Nov 19, 2012
11/12
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CSPAN
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eye 141
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an investment in energy policy, not just energy politics? host: watched the whole speech at our website c-span.org. this year is the governor, the guest of honor, one of the guests of honor at a birthday party on saturday. he writes -- abraham: from alexandria, virginia. caller: good morning. this is no. 9 virginia. -- northern virginia. the republican party, it's the way they talk. it is their language, their communication, the way they talk to immigrants. that's why everybody sticks away from them. host: robert from silver spring, maryland, a republican. what is the way forward? caller: i think the party has it all wrong. most immigrants coming to america came here to better themselves and they are really conservatives. in these countries we don't have all these programs to support you, so you have to work and earn a living. people come here with that objective. what we get from the republicans now is the wrong message. it has really been increasing since bush's first election. i supported bush because he expressed himself as a compassiona
an investment in energy policy, not just energy politics? host: watched the whole speech at our website c-span.org. this year is the governor, the guest of honor, one of the guests of honor at a birthday party on saturday. he writes -- abraham: from alexandria, virginia. caller: good morning. this is no. 9 virginia. -- northern virginia. the republican party, it's the way they talk. it is their language, their communication, the way they talk to immigrants. that's why everybody sticks away from...
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Nov 20, 2012
11/12
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CNNW
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eye 194
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >>> there over in the sky, you probably won't be able to see it here, there's an interceptor missile taking off right now. that is the iron dome interceptor. if you just saw the f
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ you make me happy [ female announcer ] choose the same brand your...
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Nov 20, 2012
11/12
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CSPAN2
tv
eye 125
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the outcome, new energy pattern on the front page of the newspaper today, it is going to print a change of strategic priorities for many countries in the world. the question of containing china. it is a permissible and desirable objective of american foreign policy to prevent any nation from dominating a continent, but it does not need to be done by the methods of the cold war. the question this what can be created in which china and we can operate--with our military success so this is a very general way of putting it. >> keep coming back to china. >> i would also apply edge -- >> questions to editor she mentioned the cold war. the request and asking what role does russia play in the world going forward. >> it is -- in a challenge of the finding its identity under totally different circumstances. russia has been an imperial power and it has had domestic support by its efforts in asia, the middle east and europe, depending on where it was, now russia has the problem of a declining population. declining russian population and muslim population that is forward of the muslim world. 3,000 mi
the outcome, new energy pattern on the front page of the newspaper today, it is going to print a change of strategic priorities for many countries in the world. the question of containing china. it is a permissible and desirable objective of american foreign policy to prevent any nation from dominating a continent, but it does not need to be done by the methods of the cold war. the question this what can be created in which china and we can operate--with our military success so this is a very...
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Nov 17, 2012
11/12
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CSPAN
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eye 119
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and is fundamentally reshaping energy policy. if you think about drones and the war on terror and what technology has allowed, a footprints' the -- a footprint that is more effective in getting bad guys without much involvement on the ground, is the changing technological environment working to overturn established power orders or to reinforce the established power orders? david. >> as you say, this is an ebb and flow and always has been, just as the american stance of when we want to intervene and when we want to pull back has gone in a cycle. the technological flow has gone in a much faster cycle. in the past 10 years, i think it has reinforced american power. if you look at what president bush was doing in his second term and what president obama has doubled down on and triple down on in his first term, what you see is an exploitation of these technologies to try to replace traditional, on the ground kinds of wars of attrition that we have traditionally been in. drones are a great example, as you mentioned. there were 48 or 49
and is fundamentally reshaping energy policy. if you think about drones and the war on terror and what technology has allowed, a footprints' the -- a footprint that is more effective in getting bad guys without much involvement on the ground, is the changing technological environment working to overturn established power orders or to reinforce the established power orders? david. >> as you say, this is an ebb and flow and always has been, just as the american stance of when we want to...
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Nov 13, 2012
11/12
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CNN
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it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to i
it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i...
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Nov 14, 2012
11/12
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CSPAN2
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eye 120
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>> we'll put that in middle east energy crisis. >> not under other, huh? >> no, no, i think that belongs in number four, and while our executive give answers, i want to ask you, what's the risk that the men and women in the room, that should be keeping them up at night right now? >> look, i think there are many ironies surrounding the fiscal cliff. the fiscal cliff, i think, in the short run is the most pressing thing, the big thing is the eurocrisis, and i'm of the view that ultimately either the germans have to subsidize permanently to hold it together or the eurozone is doomed to break apart, but on the fiscal cliff, get your heads around the correct numbers which is if we sign a long term grand bargain budget deal, we're going to be doing the fiscal cliff every year for the next ten years, okay? the thing happening with the fiscal cliff is made worse by the fact it's going to happen without a lot of preparation and it's not thought through if the sequester kicks in. we have to do $4 trillion over ten years. that's approximately $400 million a year. get
>> we'll put that in middle east energy crisis. >> not under other, huh? >> no, no, i think that belongs in number four, and while our executive give answers, i want to ask you, what's the risk that the men and women in the room, that should be keeping them up at night right now? >> look, i think there are many ironies surrounding the fiscal cliff. the fiscal cliff, i think, in the short run is the most pressing thing, the big thing is the eurocrisis, and i'm of the view...